Stock Name: DIGI
Company Name: DIGI.COM BHD
RHB Research raised its fair value on the country's third-largest mobile phone operator DiGi.Com Bhd to RM4.80 from RM4.40 after the firm's first-half earnings came in within expectations despite stiff competition.
"Operationally, DiGi has largely sustained its revenue growth momentum while margins do not appear overly affected despite tougher competition from Maxis," RHB said in a note on Tuesday.
The research house raised its FY2012 payout ratio assumption from 100 percent to 120 percent, and expects DiGi to declare a dividend per share (DPS) of 20 sen in the same financial year.
Keeping its "outperform" call on the stock, RHB said tax credits and cost savings would help DiGi sustain its earnings growth outlook.
As of 9.16am, DiGi's shares gained 1.13 percent against the Malaysian benchmark stock index's 0.21 percent rise. -- Reuters
Company Name: DIGI.COM BHD
| Research House: RHB | Price Call: BUY | Target Price: 4.80 |
RHB Research raised its fair value on the country's third-largest mobile phone operator DiGi.Com Bhd to RM4.80 from RM4.40 after the firm's first-half earnings came in within expectations despite stiff competition.
"Operationally, DiGi has largely sustained its revenue growth momentum while margins do not appear overly affected despite tougher competition from Maxis," RHB said in a note on Tuesday.
The research house raised its FY2012 payout ratio assumption from 100 percent to 120 percent, and expects DiGi to declare a dividend per share (DPS) of 20 sen in the same financial year.
Keeping its "outperform" call on the stock, RHB said tax credits and cost savings would help DiGi sustain its earnings growth outlook.
As of 9.16am, DiGi's shares gained 1.13 percent against the Malaysian benchmark stock index's 0.21 percent rise. -- Reuters
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